Singapore stocks open higher on Monday; STI up 0.1%
SINGAPORE shares opened slightly higher at the opening bell on Monday, after US markets closed in positive territory on Friday.
The Straits Times Index (STI) gained 2.80 points or 0.1 per cent to 2,858.62 as at 9.05am.
Gainers outnumbered losers 99 to 48, after 151.8 million securities worth S$301.1 million changed hands.
Singtel was one of the most actively traded counters by volume, gaining S$0.01 or 0.4 per cent to S$2.43 with 9.6 million shares traded.
Other active counters include Genting Singapore, down 0.5 Singapore cent or 0.6 per cent to 84 cents after 6.8 million shares changed hands, and Sembcorp Marine, which rose 0.1 Singapore cent or 0.6 per cent to 16.9 cents with 6.7 million shares traded.
It was a mixed bag among the local banks, which were the most traded counters by value. DBS slipped S$0.03 or 0.1 per cent to S$25.65, UOB fell S$0.16 or 0.7 per cent to S$22.90, while OCBC gained S$0.05 or 0.5 per cent to S$10.20.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
In the US, the S&P 500 and Nasdaq both closed at record levels on Friday as markets continued to look past rising coronavirus cases towards a better economy in 2021, with the arrival of potential vaccines for Covid-19.
The tech-rich Nasdaq Composite Index led the major indices, advancing 0.9 per cent to 12,205.85, scoring a second straight record following a holiday-shortened session. The broad-based S&P 500 added 0.2 per cent to 3,638.35, while the Dow Jones Industrial Average put on 0.1 per cent to 29,910.37.
Elsewhere in Asia, Tokyo stocks opened higher on Monday. The Nikkei 225 added 125.84 points or 0.5 per cent to 26,770.55 in early trade, while the broader Topix index gained 0.12 point or 0.01 per cent to 1,786.64.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Wall Street bulls say stock rally can resume even without rate cuts
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival